Inderes Group - Jan-Feb sales broadly in line with our Q1 expectation - SEB
Inderes' sales in Jan-Feb showed growth of 52%. We remind that growth is driven by the Swedish acquisitions, of which seasonality is driven by earnings seasons. We have input Q1 growth of 40%; following the published Jan-Feb numbers, our estimate implies March sales of EUR 2.0m vs EUR 1.5m a year ago (growth of 29%). Thus, we conclude that the reported Jan-Feb came in broadly in line with our Q1 estimate and, if anything, risks are skewed to the upside.
Inderes operates in the financial industry. The company provides a community platform for investors and listed companies. Via the platform, users can communicate with each other and exchange investment tips. The customers consist of both companies and private individuals. In addition, the company offers analysis services and a basis for investment decisions. The largest operations are in the Nordic region.Read more on company page